Impact of Human Capital on Joint-Venture Investment in Vietnam

Commitments of joint-venture investment in Vietnam expanded rapidly during 1988–93 as foreign firms eagerly took advantage of the economy's opening. This investment concentrated heavily in the metropolitan core regions; nevertheless, investors remained sensitive to human capital considerations,...

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Bibliographic Details
Published in:World development 1999-08, Vol.27 (8), p.1413-1426
Main Authors: Anh, Dang Nguyen, Meyer, David R.
Format: Article
Language:English
Subjects:
Center and Periphery
Demography
Development economics
Economic Development
Economic impact
Foreign direct investment
Foreign investment
Foreign Investments
Foreigners
Human Capital
International investment
International Relations
Interorganizational Relations
Investment
Joint ventures
Provinces
Regional Differences
Studies
Vietnam
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Summary:Commitments of joint-venture investment in Vietnam expanded rapidly during 1988–93 as foreign firms eagerly took advantage of the economy's opening. This investment concentrated heavily in the metropolitan core regions; nevertheless, investors remained sensitive to human capital considerations, controlling for income. They committed greater capital to provinces with higher levels of literacy, and poorer provinces outside the core also gained disproportionately. The nuanced locational choices for joint-venture investments suggest that Vietnamese partners provided sophisticated environmental scans to take advantage of high-quality labor, regardless of income level. Projected investments favor the South somewhat disproportionately, contributing to disparity in development.
ISSN:0305-750X
1873-5991
DOI:10.1016/S0305-750X(99)00068-6